Mr. Musgrove, has served as Founder of Pawnshop Operating Company, LLC, since its formation.  Mr. Musgrove has been active in the pawn industry since 1985.  His initial experience with the industry was the development of a proprietary information system that he designed specifically for use in the industry.  In early 1994, Mr. Musgrove founded PCI Capital, a privately owned chain of pawnshops headquartered in Fort Worth, Texas.  He served as a director and officer, including Chairman and CEO, until mid-1997.  Among his many responsibilities was the strategic planning and development of a capitalization plan necessary for store acquisitions.  The plan included a series of debt offerings totaling 20 million dollars.  A key feature of these offerings was the provision of a fixed yield and return of principal to the investor.  During his tenure he was responsible for 19 original stores and instrumental in the acquisition and development of 13 additional stores.  His participation included strategic planning, site selection and negotiations, construction oversight, recruitment of outside directors, and recruitment and training of management and administrative personnel.  Mr. Musgrove’s tenure concluded in mid-1997 as PCI Capital prepared for an initial public offering.  Back to Top

Mr. Neyland has served as President and CEO of Pawnshop Operating Company, LLC, since March 2000. He attended the University of Texas, Austin, where he received a Bachelors Degree in  Communications. In 1990 he was recruited by the largest pawn chain in the United States, Cash America, Inc.  Mr. Neyland’s interest in the industry earned him rapid advancement from Store Associate to Assistant Store Manager and then to Store Manager in 24 months. His experience with Cash America, Inc. covered a large portion of the southeastern United States.  Among his many accomplishments,  Mr. Neyland served as Store Manager for the largest and most profitable Cash America store located in West Palm Beach, Florida. Mr. Neyland left Cash America, Inc.  in March 1993 when he founded Allied Pawn, Inc. During this period he developed two stores in the Atlanta, Georgia area. The stores were subsequently sold and Mr. Neyland accepted a new position with Cash America, Inc. Once again Mr. Neyland was responsible for what was soon to become the largest and most profitable store within the Cash America system, this time in  Dallas, Texas.  His success in the creation of store profitability earned him the role of District Manager where he had direct responsibility for six stores. Mr. Neyland left Cash America, Inc. when he was recruited by PawnMart, Inc. to become District Manager responsible for 14 stores in the southeast.
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Mr. Polk has served as Internal Auditor for Pawnshop Operating Company, LLC, since the first store, Pawn Max, was acquired in May 2000.  He has been active in the pawn industry since 1984.  His experience in the industry began at the age of 21 when he served as a clerk in a Fort Worth based pawn store. As his knowledge and experience in the industry grew he was elevated to Assistant Store Manager and later promoted to Store Manager. In November 1992 the pawn chain he represented was purchased by the largest pawn chain in the United States, Cash America, Inc., where he  retained his responsibilities as store manager until February 1994.  In February 1994 he was recruited by Pawn Mart, Inc. During his tenure with PawnMart, Inc. Mr. Polk was involved in the acquisition and development process specializing in opening new stores. In this capacity Mr. Polk was responsible for the full range of activities including personnel recruitment and training, store inventory acquisitions, construction management, and oversight and training of  in-house management systems. Following his assignment in new store development Mr. Polk was promoted to the position as Regional Internal Auditor where he served until May 1997.  In this capacity he was responsible for auditing 27 facilities and all aspects of store operations. With his broad scope of knowledge in the pawn industry, Mr. Polk became a founding partner in a Florida based Corporation specializing in payday loans, title loans and pawn stores.  Back to Top

Mr. Iovino has been involved in the pawn industry since 1996. His first employment opportunity in the industry was Pawn Max located in Margate, Florida which later became the first acquisition by Pawnshop Operating Company, LLC. Under the original ownership Mr. Iovino started as a store associate. His interest in the pawn industry lead to increased responsibilities but under the previous ownership the potential for advancement remained limited. When Pawn Max was acquired by Pawnshop Operating Company, LLC in May 2000 Mr. Iovino was promoted to store manager. Mr. Iovino’s work ethic and experience lead to his promotion to District Manager where he has been responsible for a variety of activities including the oversight of 6 stores, recruitment and training of new personnel, compliance to operational controls, implementation of information systems, store audits and profitability.  Back to Top